If a Trial Balance tallies, it indicates: MCQ with Answer and Explanation

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If a Trial Balance tallies, it indicates:

A. All transactions are recorded correctly

B. No errors exist

C. Books are complete

D. Only arithmetical accuracy, errors may still exist

Answer: Option D

Solution (By JKSSB Mock Tests)

Agreed trial balance is not conclusive proof of accuracy; errors of principle, omission, commission may still be present.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Correct Answer: Option D

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Correct Answer: Option C

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